Perpetual Energy Inc. announced production results for the fourth quarter and full year 2022. For the quarter, the company reported average production was 7,138 boe/d, up 12% from the comparative period of 2021 (fourth quarter of 2021 - 6,359 boe/d) and up 21% quarter over quarter (third quarter of 2022 -- 5,882 boe/d) and within of the guidance to exceed 7,000 boe/d in the fourth quarter of 2022.

Production for full year 2022 averaged 6,486 boe/d (20% heavy crude oil and NGL), an increase of 20% from 5,389 boe/d (24% heavy crude oil and NGL) in 2021.